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Zelle

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Zelle Left Users Open To $1B In Scams, NY AG Says Zelle Left Users Open To $1B In Scams, NY AG Says
Zelle Left Users Open To $1B In Scams, NY AG Says The operator of Zelle is accused of designing the popular payment app without basic safeguards, allowing scammers to steal more than $1 billion from users. A lawsuit filed against Early Warning Services, LLC (EWS) by New York Attorney General Letitia James’ office Wednesday, Aug. 13, alleges the company failed to protect users from scams. EWS operates Zelle and is owned by a consortium of some of the country’s largest banks, including JPMorgan Chase, Bank of America, Capital One, and Wells Fargo. According to the complaint, EWS launched Zelle in 2017 without critical safeguards, making it …

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by Michael Mashburn
Business
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo is launching a new debit card rewards program and expanding its checkout options as the popular payment platform aims to compete with other similar services. Parent company PayPal announced the upgrades to the Venmo Debit Mastercard and Venmo Checkout service in a news release on Wednesday, June 4. The money-transferring app is used monthly by more than 64 million Americans. Venmo's debit card now offers 15% cash back at major retailers like Lyft, McDonald's, Sephora, Walgreens, and Walmart. Users can activate offers through the Venmo app to earn rewards on purchases both in…

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by Chris Spiker
News
Facebook May Send You $40 – And It's Not A Scam: Here's Why Facebook May Send You $40 – And It's Not A Scam: Here's Why
Facebook May Send You $40 – And It's Not A Scam: Here's Why Double-check your bank account, you may have gotten money from Facebook that you completely forgot was coming. Facebook users who filed claims in a $90 million privacy settlement that dates back nearly 15 years could soon start seeing payments – or may have already been paid. Many people on social media said they started receiving payments of $40.67 on Thursday, April 10. A class-action lawsuit claimed Facebook improperly tracked users' online activity without consent when users visited non-Facebook websites displaying Facebook's "Like" button. The suit said the nonconsensual tracking happe…

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by Chris Spiker
Business
Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money
Zelle Shuts Down App For Payments: Here's How To Keep Receiving, Sending Money Zelle has officially ended payments through its standalone app. A notice appeared in the Zelle app on Wednesday, April 2, telling users that they could no longer use the app to send or receive money. Those who still have the app can still log in to view their transaction history, but transfers are no longer supported. Zelle said it had about 151 million users in 2024, with people and businesses sending more than $1 trillion. "This app is no longer available for sending and receiving money," the notice said. "You will be able to log in until August 11, 2025, but not send…

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by Chris Spiker
News
Scammers Posing As Police Demand Payments, CT Authorities Warn Scammers Posing As Police Demand Payments, CT Authorities Warn
Scammers Posing As Police Demand Payments, CT Authorities Warn Authorities in Connecticut are warning residents about phone scammers posing as police or special agents, accusing them of a crime, and demanding they pay a fine. Multiple people across the state — and even as far away as Virginia — have reported receiving calls from the Hartford Judicial District State’s Attorney Office, with someone claiming to be an "investigator" or "special agent." This so-called "agent" says the victim has been named or identified in a human trafficking, prostitution, or another criminal investigation and must pay a fine or face potential jail time. That is not how t…

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by Josh Lanier